Bob Diamond appoints ex-Barclays colleague Rich Ricci to lead Panmure Gordon March 6, 2020 Bob Diamond has hired his former right-hand man from his time at Barclays to head up loss-making stockbroker Panmure Gordon. Diamond appointed Rich Ricci as chief executive of London-based Panmure, which he acquired two years ago. The former Barclays boss will be reunited with 56-year-old American investment banker Ricci, who ran the old Barclays capital [...]
London markets jump ahead of expected big US Federal Reserve rate rise July 27, 2022 London markets shrugged off bets on the US Federal Reserve hiking rate steeply later today to jump during opening exchanges. The capital’s premier FTSE 100 index added 0.43 per cent to reach 7,337.93 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, increased 0.07 per [...]
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Tom Hayes: Court upholds Libor conviction as top MP warns London now an ‘outlier’ March 27, 2024 The Court of Appeal has upheld the conviction of former Libor trader Tom Hayes today after he spent years in prison for rate-rigging – with one MP saying the decision made the capital an “outlier” compared to other financial capitals. On Wednesday, Lord Justice Bean read out a press summary at the Court of Appeal, [...]
FTSE 100 closes up as investors hope Credit Suisse deal will contain banking crisis March 20, 2023 Markets managed to shrug off turmoil in the banking sector to finish the day higher despite huge turmoil in the financial sector. The FTSE 100 closed 0.93 per cent higher at 7,403.85 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.13 per cent [...]
Graduate salaries climb at fastest rate in decades despite inflationary pressures August 14, 2022 Graduate pay packets have climbed at the highest rate in decades, despite employers feeling the inflationary pinch. According to a report from the Institute of Student Employers (ISE), graduate salaries were up seven per cent on average in the past year— the sharpest rise in 20 years. On average, graduate salaries have risen two per [...]
Strikes: Sunak says public sector pay process doesn’t need reform December 20, 2022 Rishi Sunak has thrown his backing behind the government’s independent pay review process for public sector workers, despite this month’s widespread strikes. The Prime Minister told MPs on a Westminster committee today that pay offers to striking NHS staff members were “fair” as Number 10 today said Sunak would not intervene to negotiate with unions. [...]
Closing the gap: Now is the time to give women the money they need March 26, 2024 A mile marker for all start-ups is funding, but for so many female founders, it has become less of a marker of success and more of a roadblock.
Number 10: Rishi Sunak ‘deeply regrets’ Christmas strikes December 19, 2022 Rishi Sunak “deeply regrets” the strikes disrupting the Christmas period but will not bend on public sector pay demands, Number 10 has said. Sunak’s official spokesman today said it is “still in the gift of the unions to step back and reconsider the approach” as Britain suffers from a series of December strikes. Up to [...]
KPMG plans to hikes fees by up to 20 per cent due to higher cost of staffing May 19, 2022 Big Four accountancy firm KPMG has warned clients it is planning to substantially increase its audit fees, in order to pay for higher salaries. The auditor told its clients it plans to increase fees by between 5 per cent and 20 per cent due to facing higher costs linked to new industry rules and the [...]